Avalon Advanced Materials Inc. (OTCMKTS:AVLNF) Sees Significant Decline in Short Interest

by · The Cerbat Gem

Avalon Advanced Materials Inc. (OTCMKTS:AVLNF – Get Free Report) was the recipient of a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 100 shares, a decline of 99.9% from the November 30th total of 85,100 shares. Based on an average daily trading volume, of 566,700 shares, the days-to-cover ratio is presently 0.0 days.

Avalon Advanced Materials Trading Down 3.1 %

Avalon Advanced Materials stock traded down $0.00 during midday trading on Friday, reaching $0.03. 44,809 shares of the stock traded hands, compared to its average volume of 151,496. Avalon Advanced Materials has a 12-month low of $0.02 and a 12-month high of $0.08. The company has a 50-day simple moving average of $0.03 and a two-hundred day simple moving average of $0.04. The firm has a market cap of $15.15 million, a PE ratio of 2.54 and a beta of 1.42.

About Avalon Advanced Materials

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Avalon Advanced Materials Inc, together with its subsidiaries, engages in the acquisition, exploration, evaluation, and development of rare metal and mineral properties primarily in Canada. The company focuses on exploring lithium, tantalum, cesium, indium, gallium, germanium, tin, yttrium, and zirconium deposits, as well as rare earth elements.

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